Southern State Community College
Curriculum Committee – October, 2015
ACCT 2206 – Managerial Cost Accounting
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I.
COURSE TITLE: Managerial Cost Accounting
COURSE NUMBER: 2206
II.
CATALOG PREFIX: ACCT
PREREQUISITES: ACCT 1102 or ACCT 1105
III.
CREDIT HOURS: 3
LABORATORY HOURS: 0
IV.
COURSE DESCRIPTION:
LECTURE HOURS: 3
OBSERVATION HOURS: 0
The course is a cost and managerial accounting course geared to the concepts of
management, fundamental cost reports, order and process costing, by-products and joint
product costing, planning and control of factory overhead, and the nature of alternative
choice problems, capital investment decisions and methods used in compiling and
analyzing data used in the decision making process.
V.
GRADING
A= 90- 100
B = 80-89
C = 70-79
D = 60-69
F = 0 - 59
VI.
ADOPTED TEXT (S):
Cost Accounting: Foundations and Evolutions,
9th Ed Bundled with CengageNow Homework manager or current edition
Michael R Kinney; Cecily A. Railborn
Cengage
ISBN: 1-285-47911-4
VII. COURSE OBJECTIVES:
At the completion of this course, the student will:
1. Understand cost concepts, cost accounting flow, and terminology
2. Understand the principles of budgeting and the budgeting process
3. Demonstrate the ability to prepare the Cost of Good Sold Statement, Income
Statement, and Balance Sheet
4. Understand standard costing and its role in management control
ACCT 2206 – Cost Accounting
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5. Understand the job order and process cost systems and be able to prepare the job
order cost and cost of production reports
6. Understand the costing of by-products and joint products.
7. Understand the capital budget, cash budget, and flexible budget
8. Understand break-even and cost-volume-profit analysis
9. Understand differential cost analysis and its role in the decision making process
10. Understand the decision making process for capital expenditures
11. Understand the various procedures used in decision-making uncertainty.
VIII. COURSE METHODOLOGY:
The use of lecture and exercises will be used to teach students the introductory concepts.
May include but not limited to: lecture, independent and group projects, in-class and athome assignments, tests and quizzes.
IX.
COURSE OUTLINE: (Sample)
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X.
Introduction and Chapter 01: Introduction to Cost Accounting,
Chapter 02: Cost Terminology and Cost Behavior
Chapter 03: Predetermined Overhead Rates, Flexible Budgets, and
Absorption/Variable Costing
*Quiz 01 Chapters 1 & 2
Chapter 04: Activity-Based Management and Activity-Based Costing
*Quiz 02 Chapters 3 & 4
Chapter 05: Job Order Costing
Chapter 06: Process Costing
*Quiz 03 Chapters 5 & 6
Chapter 07: Standard Costing and Variance Analysis
Chapter 08: The Master Budget
*Mid-term Chapters 1-8
Chapter 09: Break-Even Point and Cost-Volume-Profit Analysis
Chapter 10: Relevant Information for Decision Making
Chapter 11: Allocation of Joint Costs and Accounting for By-Product/Scrap
*Quiz 05 Chapters 9 & 11
Chapter 12: Introduction to Cost Management Systems
Chapter 13: Responsibility Accounting, Support Department Cost Allocations,
and Transfer Pricing
*Quiz 06 Chapters 12 & 13
Chapter 15: Capital Budgeting
Chapter 17: Implementing Quality Concepts
* Comprehensive Final Exam
OTHER REQUIRED BOOKS, SOFTWARE AND MATERIALS:
ACCT 2206 – Cost Accounting
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At the Discretion of Instructor
XI.
EVALUATION:
Knowledge of content is evaluated by written tests, assignments, and work projects per
instructor. All exams are comprehensive; quizzes are not. Class participation will be
evaluated by the student’s ability to contribute to class discussion. No make-up tests will
be given.
Sample Grading Scale:
Quizzes
Mid-term Examination
Final Examination
Cost Accounting Project
Attendance and Participation
Total Points
XII.
70
100
200
100
30
500
14%
20%
40%
20%
06%
100%
SPECIFIC MANAGEMENT REQUIREMENTS (Sample):
Attendance Policy
To meet the objectives of Cost Accounting students must attend all scheduled classes. At
the beginning of the semester, all instructors will distribute a “Class Schedule”, which
may or may not be a part of the syllabus. If a student must miss class due to extenuating
circumstances, the student is expected to call and inform the instructor by either talking
with the instructor, e-mail, or leaving a message should the instructor not be available..
If you wish to drop the course you must take positive action. Do not assume that the
Instructor will automatically drop you if you stop attending class.
Missing a Mid-Term Examination
There will be no make-up mid-term examinations given. If, for any reason, you are
not able to take the mid-term examinations at the scheduled time and date, the
examination that you missed will be assigned the same percentage grade that you receive
on the course Final Examination.
Exceptions to this policy are anticipated to be very rare. Contact your Instructor one
week prior to the mid-term examination if you wish to discuss the possible granting of
an exception to this policy.
Missing a Quiz
There will be no make-up quizzes. This policy applies to all quizzes. If, for any reason,
you are not able to take one of the quizzes on the scheduled date, the quiz that you missed
will be assigned the same percentage grade that you receive on the course Final
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Examination.
Missing a Due Date for: the Cost Accounting Project
The due dates for this project are shown on the Course Outline above. The project is to
be turned-in on, or before, the assigned date and time. If a project is not turned-in by the
assigned date and time, you will be assigned a grade of zero points for the project.
Instructor and Student Responsibilities and Academic Dishonesty
Students are required to submit only their own original work with proper citation of third
party sources quoted in that work, this includes the team papers; it must be original work
produced by the team. The College’s Plagiarism Checker includes a database of all past
papers submitted by SSCC students. Submission of copied or purchased assignments is
likely to be caught by Turnitin and the resulting sanctions under the Code of Conduct can
include a failing course grade, suspension, or expulsion from the College.
IT Proficiency
The mission of Southern State Community College is to provide accessible, affordable
and high quality education to the residents of its service area. We believe that education
is more than a mastery of a body of technical and professional knowledge and the
achievement of technical or professional proficiency. We provide students with the lifelong ability to acquire knowledge and translate it into responsible action in a competitive
global environment. Toward that end, we seek to develop future professionals who will
be critical thinkers with the international/diversity perspectives and IT skills necessary to
be effective and ethical communicators/decision makers in an increasingly complex and
multicultural environment. Among the primary skills(s) developed in this class will be IT
proficiency. In part, this skill will be promoted by:
 Interact with the software driven Cost Accounting Project
 Retrieving financial information from companies’ web sites
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KNOWLEDGE, SKILLS AND ABILITIES ENHANCED
At the completion of this course, the student can expect to see personal growth in the
following skill areas that relate directly to the accounting profession
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Clerical — Knowledge of administrative and clerical procedures and systems
such as word processing, managing files and records, stenography and
transcription, designing forms, and other office procedures and terminology.
English Language — Knowledge of the structure and content of the English
language including the meaning and spelling of words, rules of composition, and
grammar.
Economics and Accounting — Knowledge of economic and accounting
principles and practices, the financial markets, banking and the analysis and
reporting of financial data.
Computers and Electronics — Knowledge of electronic equipment, and
computer hardware and software, including applications.
Active Listening — Giving full attention to what other people are saying, taking
time to understand the points being made, asking questions as appropriate, and
not interrupting at inappropriate times.
Reading Comprehension — Understanding written sentences and paragraphs in
work related documents.
Speaking — Talking to others to convey information effectively.
Critical Thinking — Using logic and reasoning to identify the strengths and
weaknesses of alternative solutions, conclusions or approaches to problems.
Mathematics — Using mathematics to solve problems.
Time Management — Managing one's own time and the time of others.
Writing — Communicating effectively in writing as appropriate for the needs of
the audience.
Oral Comprehension — The ability to listen to and understand information and
ideas presented through spoken words and sentences.
Written Comprehension — The ability to read and understand information and
ideas presented in writing.
Written Expression — The ability to communicate information and ideas in
writing so others will understand.
Mathematical Reasoning — The ability to choose the right mathematical
methods or formulas to solve a problem.
Oral Expression — The ability to communicate information and ideas in
speaking so others will understand.
Problem Sensitivity — The ability to tell when something is wrong or is likely
to go wrong. It does not involve solving the problem, only recognizing there is a
problem.
Number Facility — The ability to add, subtract, multiply, or divide quickly and
correctly.
Information Ordering — The ability to arrange things or actions in a certain
order or pattern according to a specific rule or set of rules (e.g., patterns of
numbers, letters, words, pictures, mathematical operations).
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Speech Recognition — The ability to identify and understand the speech of
another person.
XIII. OTHER INFORMATION
CLASSROOM CONDUCT: Civility in the classroom is very important. As
professionals, we expect students to conduct themselves in a courteous and respectful
manner. Disruptive, rude, sarcastic, obscene or disrespectful speech or behavior have a
negative impact on everyone, and will not be tolerated. Students need to remember that
the online discussion boards and chat rooms in the online courses are considered
classrooms and the same rules apply. Students will use these tools in the online classroom
for information that pertains to the class; it is not to be used for personal exchanges of a
social nature. If you engage in any such conduct you will be asked to leave and you will
receive a “zero” for any work completed that day. The instructor reserves the right to
permanently remove a student from the class for inappropriate conduct after consultation
with the Department Coordinator and Academic Dean.
FERPA: Students need to understand that your work may be seen by others. Others
may see your work when being distributed, during group project work, or if it is chosen
for demonstration purposes. Other instructors may also see your work during the
evaluation/feedback process.
DISABILITIES: Students with disabilities may contact the Disabilities Service Office,
Central Campus, at 800-628-7722 or 937-393-3431.